KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Capital A Bhd
has clarified that Bursa Malaysia’s decision not to approve its request for an extension to complete the implementation of its distribution of AirAsia X Bhd’s shares to its shareholders will not materially affect the group’s ongoing corporate exercises.
Iconic Worldwide Bhd said its wholly-owned subsidiary Iconic Medicare Sdn Bhd has rented out its Batu Kawan factory in Seberang Perai, Pulau Pinang, to optical modules contract manufacturer Aperion Technologies (Malaysia) Sdn Bhd for rental revenue of at least RM75.6mn over a 6-year term.
UEM Group Bhd’s plan to take UEM Edgenta Bhd private is advancing, with the board of UEM Edgenta set to table the proposed selective capital reduction and repayment exercise at RM1.10 a share for shareholders' approval.
MMAG Holdings Bhd disclosed that Future Star Sdn Bhd, a Penang-based holding company, has acquired a 462mn block of shares from Datuk Seri Farhash Wafa Salvador Rizal Mubarak, who disposed of the stake on Dec 31.
Property firm Meta Bright Group Bhd has proposed to acquire a shoplot unit for RM3.5mn located in Kota Kinabalu, Sabah in a related party transaction.
KKB Engineering Bhd has secured a minor engineering, procurement and construction contract from PETRONAS Carigali Sdn Bhd valued at RM212.0mn.
Global Oriental Bhd will dispose of 18 retail units at Pavilion Embassy through its subsidiaries Exceed Concept Sdn Bhd and Pedoman Ikhtisas Sdn Bhd for a total of RM35.0mn.
Reneuco Bhd and five of its directors have been reprimanded by Bursa Securities over the company's failure to issue its 2023 annual report by the Jan 30, 2024 deadline.
ITMax System Bhd saw its largest shareholder, Optimax Holdings Bhd founder Tan Sri Dr Tan Boon Hock, sell a 2.8% stake in it for RM138.1mn.
Insights Analytics Bhd has added more than RM800.0mn in market value, crossing the RM1.0bn mark in under three months since its ACE Market debut on Oct 27, 2025.
